Tyrone is credited for 1000 as her share of the net income


Hiram and Tyrone are partners who agree that Hiam will receive $50000 salary allowane and that any remaining income or loss will be shared equally. If Tyrone is credited for $1000 as her share of the net income in a given perio, how much net income did the partnership earn in that period?

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Accounting Basics: Tyrone is credited for 1000 as her share of the net income
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